Surge Trader – Discussion/Q&A

  • Post
    forexpropforum
    Keymaster
    none

    About SurgeTrader:

    The SurgeTrader project emerged from the collective expertise of experienced Forex traders, brokers, and venture capitalists who firmly believe that talented traders can achieve success with the right combination of capital and opportunity. Their mission was to expedite trader funding and empower profitable traders to capitalize on their achievements. The origin of SurgeTrader traces back to a conversation that took place in a sushi restaurant in Naples involving an FX broker, an institutional trader, and a venture capitalist.

    SurgeTrader offers traders the choice of a one-step evaluation and a two-step evaluation program tailored to their individual experience levels. By managing capital of up to $1,000,000, traders have the potential to earn substantial profits while retaining profit splits of up to 90%. This can be accomplished through trading a diverse range of financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

    Video Review

    SurgeTrader 10% discount code: FPREVIEWS10OFF

    You can visit the SurgeTrader website or read our review.

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Viewing 15 replies - 1 through 15 (of 24 total)
  • Replies
    kriptomaster445
    Participant
    Can someone please explain this trailing drawdown, I’m confused… Appreciate it
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    Prop Forum
    Moderator
    GB
    At Forex Prop Reviews, we ranked SurgeTrader based on our close to 500 criteria and came to a conclusion to rate the proprietary trading firm with an excellent 4/5 score.

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    kriptomaster445
    Participant
    This is to help all the traders who don’t know what a trailing drawdown is. This is the explanation they have posted on their website.

    ”Our Maximum Trailing Drawdown is the maximum your account can drawdown before breaching your account. The initial level is set at 5% from the starting balance of your account. As your account balance increases, the trailing maximum drawdown follows you up until you achieve a profit target of 5% in your account. Once you have achieved a 5% profit target in your account, we take off the trailing drawdown and allow our traders to draw back down to their initial starting balance before breaching the account.

    This means for profitable traders the maximum trailing drawdown can be greater than 5%.

    For example, if you have a $100,000 account, you can go down to $95,000 before being disqualified. Let’s say you are a profitable trader and make $4,000 in your account. Your High-Water Mark is now $104,000 (balance, so just closed trades). Your max drawdown limit will be $99,000. Next, you make an additional $1,000 in your account. So, your new High-Water Mark is $105,000. Here is where it will lock in, so as your High-Water Mark rises your max drawdown limit will stay at $100,000, which means your maximum drawdown increases beyond 5%. Let’s say you grown your account to $120,000. Your effective maximum drawdown level is now 20% (4x greater).”

    I hope it helps.

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    austinfx
    Participant
    They have a good promotion now running until 31st January, I will make sure to sieze this opportunity.
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    ilyasmcpk
    Participant
    PK
    If you 1 million dollar audition with surge trader you will become millionaire very soon.

    100K

     

    Ilyas
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    proptech
    Participant
    Let’s keep pushing our limits and aiming for those Surge trader ranks!

    🚀💪 #TradingSuccess #SurgeTrader

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    eightcaptrader
    Participant
    Will the session be recorded for those who can’t attend in real-time?
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    dailyfx
    Participant
    🎉 Happy 2nd Anniversary, @SurgeTrader! 🥳 It’s fantastic to see you celebrating with a 20% sitewide discount and special gifts. Could you give us a sneak peek into what those special gifts might be? Your loyal traders are undoubtedly excited for more surprises!

     

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    cryptogod
    Participant
    Oh, cool deal! Black Friday discount on Surge Trader Auditions.
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    realtrader007
    Participant
    Great to hear your positive experience with Surge Trader, JC Swint! The Discord experience, innovations in the hub, and constant promos on Instagram sound like fantastic additions. Thanks for sharing your thoughts, and it’s good to know that Surge Trader is a prop firm you can count on with simple rules.
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    finotivefundingking
    Participant
    What an incredible initiative by SurgeTrader and 1K Motorsports! Supporting Golisano Children’s Hospital through a car show and toy drive is a wonderful way to make a positive impact. Kudos to the team for organizing such a meaningful event at Aqua Seafood, Steaks & Raw Bar.
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    eurusdmixer
    Participant
    Exciting opportunity! Looking forward to the December Trading Contest with surge.trader!
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    apple
    Participant
    Wow, a 100k Audition + 1K cash prize? Unfortunately, I’ll have to miss out. Wishing everyone good luck!
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    dailyfx
    Participant
    Congratulations to all ! These are  impressive payouts. Wishing everyone continued success as we transition into January. What are your expectations for the new month?
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    eightcaptrader
    Participant
    Love the idea of a 2 Phase Audition! Looking forward to the performances.
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Viewing 15 replies - 1 through 15 (of 24 total)
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